In July, Americans will receive up to $1,000 summer relief checks - you can get it sooner if you act now

As inflation wrecks havoc on Americans' finances, tens of thousands of New Mexico residents are receiving relief checks.

Direct payments of up to $1,000 are reserved for residents who do not file state income taxes.

Checks started going out in July, and the state expects to complete the process by the end of the month.

Approximately 33,000 New Mexicans are eligible for the check, which amounts to about $18 million in relief payments.

According to the New Mexico Tax and Revenue Department, single households with no dependents will receive $500, and married couples will receive $1,000.

Direct deposit or a mail-in check are the two methods of receiving payment for those who qualify.

Payments via direct deposit, however, will go out sooner, so updating your bank account details is a good idea.

To provide checks to non-filers, around $20million has been set aside.

The funds will be distributed on a first-come, first-served basis.

Residents were originally allowed to apply for the payment until May 31, 2022.

There were still $1.9million worth of funds available, so the deadline was extended to June 10.

Those who missed the deadline can still file a New Mexico tax return to receive the below rebate instead of a relief check.

Tax rebates are available to New Mexico residents who have or will file their 2021 income taxes by May 31, 2023.

What about taxpayers in the state?

Couples filing joint returns, heads of household, and surviving spouses with incomes under $150,000 are eligible for a $500 rebate.

You are eligible for $250 if you are single or married filing separately and making less than $75,000.

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